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Oil prices rebounded on Wednesday after falling for the past three sessions with worries about oversupply and a slowing global economy keeping markets under pressure though sentiment may be shifting as falling equity markets seemed to stabilize. » Read More

Oil prices are likely to fall even further over the coming weeks, analysts told CNBC Tuesday, as a sharp sell-off in global equities combines with intensifying fears about a market that could soon to be awash with crude. » Read More

Riyadh is set to increase spending and even as it tries to close its budget deficit in a bid to boost slow growth and shore up popular support after months of controversy, analysts believe. » Read More

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Libya's state-owned National Oil Corporation declared force majeure on operations at its biggest oilfield late Monday night amid a standoff with armed protesters, expecting a loss of 315,000 barrels per day for the OPEC member.

Qatar's foreign minister expressed a host of grievances over his Gulf counterparts' regional activities on Sunday, calling out Saudi Arabia and the UAE in particular — and not just for their blockade of his country.